DXY is back and EUR flamed out. AUD is getting kicked in the teeth. And the shorts have piled back in. Lead boots tripped. Trump will regret damaging Iranian oil output. Commodities were hammered. Big miners are in a big bear market. EM yawn. Junk stressed a bit. Need more. Yields flat. Stocks flat. AUD
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WHEN SVANTE ARRHENIUS DID HIS CALCULATIONS IN THE LATE 19TH CENTURY, HE PREDICTED THAT THE AMOUNT OF CO2 RELEASED INTO THE ATMOSPHERE BY THE INDUSTRIAL REVOLUTION STARTED 50 YEARS EARLIER WAS ENOUGH TO RAISE GLOBAL TEMPERATURES BY ABOUT 2 (TWO) DEGREES CELSIUS.
WAS HE CORRECT?
Yesterday I read the following lines on the Internet – unfortunately without an author’s reference: This has never happened before: a man who has not even been elected chancellor yet negotiates the biggest borrowing in the history of the Federal Republic of Germany with parties that lost the election, in a Bundestag that has long since been dissolved.
Retired Royal Navy Rear Admiral Chris Parry stated that Russia would not be able to defend itself against a massive ICBM strike.
"One Trident submarine has the ability to incinerate 40 Russian cities very quickly. That is a lot of food for thought for Putin and that should make any world leader fearful," he told The Telegraph.
The big news on house insurance this week was the response of the insurance industry’s peak body to a parliamentary committee’s extensive criticisms of its treatment of people claiming on their policies after the massive floods of 2022.
Former US President Joe Biden has offered to raise funds, campaign, and do whatever is needed to help Democrats regain ground lost to the Republicans during his tenure, NBC News reported on Friday, citing people familiar with the matter.
Broken promises and burned pipelines: Why diplomacy with Kiev is a dead endUkraine blew up a Russian gas facility just days after a mutual agreement not to do just that. As if anyone expected something different.
By Nadezhda Romanenko
In a brazen act of duplicity, Ukraine has once again demonstrated that it is not a reliable partner for diplomacy – let alone peace.
By Stephen Saunders Major-party election-offerings are unsympathetic to ordinary voters. Coalition indolence (and overstated Trump fears) may well re-elect Labor or (heavens no) Labor-Greens. At MacroBusiness also The Australian, I’ve portrayed Election 2025 as a winning romp for the top 20% regardless of who becomes prime minister. Meaning, little improvement across crucial indicators such as
Global Reading: Trump’s trade war could claim a new victim: Canada and Europe are reconsidering $150 million Lockheed Martin fighter jets – Fortune Billionaire Peter Thiel Warns of a Looming Real Estate ‘Catastrophe’—A ‘Massive Hit to the Lower Middle Class and Young People’ Who Can’t Buy Homes – Yahoo Trump’s US Commerce Secretary, who owns
Russian President Vladimir Putin would breach a peace deal with Ukraine if it is not defended, Sir Keir Starmer has said, after attending a meeting of senior military leaders in London.
CreditorWatch warned that almost one out of every six (16.2%) hospitality firms is at risk of failing due to high interest rates, rising rents, cost-of-living pressures, and the pandemic hangover. CreditorWatch forecast that roughly one in eleven (8.9%) food and beverage enterprises would close in 2025. The latest insolvency data from the Australian Securities and Investments
This is so dumb or corrupt that I don’t know where to look. Sky. Shadow energy minister Susan McDonald has hit out at Labor over Australia’s looming gas crisis, declaring state and federal governments needed to “get out of the way” and allow more projects to proceed. …Speaking on Sky News Australia, shadow resources minister
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